Currie & Brown has acquired Sweett Group for £29 million.

Sweett Shareholders will be entitled to receive 42p in cash for each Sweett

Currie & Brown believes that it can generate cost-savings, principally through the intended delisting of Sweett and the rationalisation of property, back office and shared services. On completion of the Acquisition, the Sweett Directors will step down from the Board of Sweett in accordance with terms of their respective contractual arrangements.

-- Advertisement --

David Broomer, Group Chairman of Currie & Brown, said: "This transaction will bring together two well-respected businesses to create a leading construction advisory business and deliver a key element of Currie & Brown's strategy - to provide a quality offering to global and local clients alike. The acquisition of Sweett will create a business of substantial scale in the UK, which will provide a compelling offer to clients and significant opportunities for all our people to develop."

(CD/MH)